Columbus Collaboratory recently announced it has secured approximately $14 million in the second round of funding from its founding member companies, namely, American Electric Power, L Brands, Cardinal Health, Nationwide, OhioHealth and Huntington National Bank. The new capital will enable the company to grow its ecosystem of collaborating companies.

The round also marks the start of a new commercialization stage for the company, whereby commercializing critical technology and learnings will help the company move toward sustainability.

The latest round of financing brings Columbus Collaboratory's total raised till date to nearly $42 million -- which was raised over a period of seven years.